As expected, Nokia announced today that they have completed the sale of their phone business to Microsoft. From now on, that business will be run as a division in Microsoft called the Devices Group.
The Lumia, Asha and X series phones are now all brands owned by Microsoft. Any new phones created by the group in the coming months will be branded Microsoft.
What Else You Need To Know
- The two companies had originally hoped to close the deal earlier in the year, but had to push things out as they awaited various regulatory approvals across the globe.
- As expected, the new unit has been named "Microsoft Mobile Oy," and will act as a subsidiary.
- Microsoft says they will continue to "support" feature phones like the Asha and Nokia X family of devices.
- Nokia has long been allied with Microsoft, committing fully to Windows Phone.
- Nokia will retain two key operating units, Here maps and NSN network equipment, plus hundreds of patents.
Other sources
It’s a done deal, or kauppa tehty, as they say in Finland.- Ina Fried, Re/code
The Nokia acquisition marks a big shift for Microsoft. The company has made some hardware for a long time, dating back to mice and keyboards, through the Xbox and, more recently, Surface. But those efforts will pale in comparison to being a global provider of cell phones.- Ina Fried, Re/code
- WM Power User
- Nokia Completes Sale Of Devices And Services Business To Microsoft
- Other
-
Nokia’s Devices and Services Division is now “Microsoft Mobile”
Microsoft is planning to use the “Microsoft Mobile” moniker for the Nokia phone business, and will be running it as a separate subsidiary with Nokia’s employees from the aforementioned business division remaining in Nokia House.
- Mobile Crunch
- Microsoft’s $7.2BN Acquisition Of Nokia’s Devices Business Is Now Complete
- Re/code
-
Microsoft Closes $7.2 Billion Nokia Purchase, So Now What?
Microsoft said the deal will make for tighter integration and greater efficiency.
- Dialed In
-
Microsoft closes Nokia deal, pays more than expected
Microsoft is now officially the proud owner of Nokia's handset division, closing the deal today for slightly more than the expected €5.44 billion.
- Softpedia
-
Nokia Officially Departs from Its Devices and Services Division
The deal has already received green light from Nokia shareholders, as well as the necessary regulatory authorities, and it will result in Nokia ceasing to be a mobile phone maker.
- NDTV
-
Nokia employees mourn the 'death' of their beloved company
On their last day as Nokia employees, many expressed their unhappiness about the end of an era.
- Know Your Mobile
- Nokia Microsoft Deal Finalised, 200 Jobs Lost
- GSM Arena
-
Nokia-Microsoft deal now officially done
Nokia has just announced the completion of the sale to Microsoft of "substantially" all of its Devices & Services business to Microsoft. "Substantially" since two factories were excluded from the deal - the Chennai factory in India, but also the Masan factory in South Korea. The South Korean factory employed roughly 200 people, but Nokia will be closing it down.
- Tech Ticker
- Nokia Devices now a part of Microsoft; will be known as Microsoft Mobiles Oy
- More...